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2 years ago

8

Yoko made $15,000 in taxable income last year. Suppose the income tax rate is 15% for the first $850Cplus 19% for the amount ove

r $8500 How much must Yoko pay in income tax for last year?

1 answer:

Verdich [7]2 years ago

4 0

Answer:

$2510

Step-by-step explanation:

<u>Amount of tax on $8500:</u>

$8500*15/100 = $1275

<u>Amount of income over $8500:</u>

$15000 - $8500 = $6500

<u>Amount of tax on $6500:</u>

$6500*19/100 = $1235

<u>Total tax is:</u>

$1275 + $1235 = $2510

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3 years ago

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